Using the information provided in the given table, determine how much monthly income would be necessary to budget for the estimated cost of the "Local College" over the 9-month academic year. Round your answer to the nearest penny.

 

Estimate Costs of Local College - Next Academic Year

 

Category	Cost for Student
University Fees

$10,180
Room & Board	$19,829
Books & Supplies	$480
Transportation	$650
Personal	$1070
Heath Insurance	$97
Loan Fees	$494

To determine how much monthly income would be necessary to budget for the estimated cost of attending the "Local College" over the 9-month academic year, we need to sum all the provided costs and then divide the total by 9 months.

### Step 1: Sum the Costs
We will add all the estimated costs from the table:

- **University Fees**: $10,180
- **Room & Board**: $19,829
- **Books & Supplies**: $480
- **Transportation**: $650
- **Personal**: $1,070
- **Health Insurance**: $97
- **Loan Fees**: $494

Total cost:
\[
10,180 + 19,829 + 480 + 650 + 1,070 + 97 + 494 = 32,800
\]

### Step 2: Divide the Total Cost by 9 Months
To find the required monthly income, divide the total cost by 9:

\[
\frac{32,800}{9} \approx 3,644.44
\]

### Final Answer
The monthly income necessary to budget for the estimated cost of the "Local College" over the 9-month academic year is approximately **$3,644.44**.

Would you like further details or have any questions?

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Here are five related questions for deeper exploration:
1. How would the monthly income change if the academic year were 12 months instead of 9?
2. How much would be needed per month if health insurance costs were doubled?
3. What percentage of the total cost is attributed to room and board?
4. How would a $500 scholarship affect the monthly budget?
5. What impact would a 10% increase in university fees have on the total cost?

**Tip:** Always account for potential changes in costs (e.g., inflation or personal spending) when planning a budget for future years.

Using the information provided in the given table, determine how much monthly income would be necessary to budget for the estimated cost of the 'Local College' over the 9-month academic year. Round your answer to the nearest penny.

Learn how to calculate the necessary monthly income to budget for attending the 'Local College' over a 9-month academic year. This problem involves basic arithmetic, including summing costs for university fees, room & board, transportation, and more, then dividing by 9 months. Suitable for students in Grades 5-7.

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